WASHINGTON (AP) — Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days even as he further jacked up the tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.S….
BANGKOK (AP) — Asian markets opened higher on Tuesday, with Japan’s Nikkei 225 share benchmark shooting up more than 6% after it fell nearly 8% a day earlier. The rebound followed a wild day on Wall Street as U.S. stocks careened after President Donald Trump threatened to crank his double-digit tariffs higher. Early Tuesday, China’s…
BEIJING (AP) — China threatened Tuesday to take countermeasures against the United States “to safeguard its own rights and interests” in response to President Donald Trump’s threat of an additional 50% tariff on Chinese imports. The Commerce Ministry statement said the U.S.‘s imposition of “so-called ‘reciprocal tariffs’” on China is “completely groundless and is a…
TAIPEI, Taiwan (AP) — China is retaliating in a determined and at times highly detailed manner to U.S. President Donald Trump’s new tariffs, led by a retaliatory 34% tax on all U.S. imports next week. The strong response shows a degree of preparation that leaves Chinese exports in a tough spot but exacts pain from…
NEW YORK (AP) — The trade wars launched by U.S. President Donald Trump have escalated to new heights. Just days after Trump unveiled sweeping new “reciprocal” tariffs on imports from around the world, China on Friday levied a retaliatory 34% tariff on all U.S. products starting April 10. Stock markets worldwide plummeted, with the S&P…
WEST PALM BEACH, Fla. (AP) — President Donald Trump on Friday said he is signing an executive order to keep TikTok running in the U.S. for another 75 days to give his administration more time to broker a deal to bring the social media platform under American ownership. The order was announced as White House…
TAIPEI, Taiwan (AP) — China conducted military drills around Taiwan for a second day Wednesday focusing on the Taiwan Strait separating the self-governing island democracy from China that is a crucial conduit for international trade. The Strait Thunder-2025A drills were held Wednesday morning in the middle and southern areas of the Taiwan Strait, a People’s…
BANGKOK (AP) — The death toll from a powerful 7.7 magnitude earthquake in Myanmar jumped to over 1,000 on Saturday as more bodies were pulled from the rubble of the scores of buildings that collapsed when it struck near the country’s second-largest city. The country’s military-led government said in a statement that 1,002 people have…
The editor-in-chief of a Taiwanese publishing house received a three-year prison sentence after a Chinese court convicted him of inciting separatism, a Chinese government spokesperson said Wednesday. The case raised concern about the risks of publishing books critical of the Chinese government and system, even outside mainland China. Li Yanhe is a Chinese citizen who…
MANILA, Philippines (AP) — The Philippine defense chief on Monday called China’s expansive claims in the South China Sea as “the biggest fiction and lie” that no Southeast Asian country would accept and said that Chinese President Xi Jinping’s aggressive policies have undermined the international goodwill fostered by his predecessors. Defense Secretary Gilberto Teodoro fired…